The following insurers made headlines this week. They are listed below, beginning with the most recent.
1. California fines top insurers $600k for overstating physician networks
The California Department of Managed Health Care levied fines of $350,000 against Blue Shield of California and $250,000 against Anthem Blue Cross over inaccurate provider directories that overstated their physician networks during the rollout of Affordable Care Act coverage in 2014.
2. Health Net reports 9.6% growth in total revenues for Q3
Woodland Hills, Calif.-based Health Net reported a 2015 third quarter net income of $60.3 million, or $0.77 per diluted share.
3. BCBS of NC ends contract with Carteret Health Care
The contract between Blue Cross and Blue Shield of North Carolina and Morehead City, N.C.-based Carteret Health Care will end Feb. 1, 2016, meaning Carteret will become out-of-network for BCBS consumers.
4. BCBS of Louisiana targets primary care to reduce hospital costs
A Blue Cross and Blue Shield of Louisiana program aimed at helping chronic diseases has cut costs by $25 per patient per month over the past two years.
5. Molina Healthcare more than doubles Q3 profit: 5 things to know
Molina Healthcare saw its net income increase in the third quarter of fiscal year 2015, as the insurer benefited from premium revenue growth.
6. Anthem Q3 profit hampered by drop in ACA exchange membership
Anthem saw its net income increase in the third quarter of 2015, even as the payer lost nearly 70,000 members from the individual exchanges.
7. Aetna's better-than-expected Q3 raises 2015 projections
Based on its third-quarter results, Aetna raised its projections for 2015 operating earnings to a range of $7.45 to $7.55 per share from $7.40 per share, according to Aetna Chairman and CEO Mark Bertolini.
8. Which payers do physicians trust most?
Blue Cross and Blue Shield is the health insurance company physicians trust most, according to a recent poll by Revive Health.